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located in canada and skype in their input. i pay the taxes in canada and not in the u.s. >> in silicon valley, that is commonly happening. everywhere else but silicon valley. we want people here so they will pay taxes here and interact and start more companies after they finish projects. >> thank you. >> the gentleman from new york is recognized for five minutes. >> thank you. you have indicated throughout your testimony the need for policy or practical reasons to emphasize as we tackle this immigration issue of highly skilled visas. you have founded a company of 1000 plus employees. you have written a book. you work at one our most distant wish universities. you have -- one of our most distant wish to universities have contributed much to america. we have a history of dealing with refugees with a passion that makes sense for who we are and what we represent in our democratic values. with the history of making sure that we grant visas in recognition of the fact that we need to draw from people all across the world. that is the premise of the diversity. tha that makes a stronger. the ne
. bill will go up for vote on tuesday. >>> dc residents may be surprised on tax day. why parking and speeding tickets may come back to haunt you. >> and gary's watching a cold winter weekend weather forecast. >> not as cold as today, but still real cold for the first one of february. some snow, too. all the details in the forecast, coming up. >> and check out the rundown. we're back. i got it when we could two min. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announcer ] so go online and send a tweet to a real fios customer. last chance to get fios for just $89.99 a month for 2 years with a 2-year agreement. plus get $300 back. visit got2getfios.com for america's fastest, most reliable internet. call the verizon center for customers with disabilities at 800-974-6006 tty/v. we know some people are never happy with the way things are. at honda, and are always dreaming o
scheduled to begin march 1. it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong. and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress. the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep,
a balanced approach that would force corporations and the wealthy to give up some of their special tax break. and pay their fair share. >> these modest reforms in our social insurance programs have to go hand in hand with tax reform. so the wealthiest individuals and corporations can't take advantage of loopholes and deductions that aren't available to most americans. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the economy should be put in jeopardy just because folks in congress couldn't come together to eliminate tax loopholes. >> these special interests loopholes include subsidies for the oil and gas companies. who are raking in record profits. deductions for corporate jets and yachts. and absurd tax breaks for hedge fund managers and wall street heavy hitters. fairness. it's what this election was all about. i mean, do we really want to be a country that lets millionaires write off their corporate jets but tells a single mom she can't get help buying a formula for her baby? that's not t
say, that you can be on the path of citizenship if you pay all of the back taxes that you have and pay a fine and we are talking about folks who are coming here and making the meager earnings, and how long does it take them to pay it all back before they can become citizens. >> michael, you made an economic argument about the cost of detaining and the cost of deporting and the cost of all of this, but i keep thinking about the cost of getting on that path to citizenship for ordinary immigrants here. >> all year long, we have the stories of the people coming into the offices. the filing fees are prohibitive to everybody introduced to the new gift. these people are putting food on the table, and they have the same challenges. president reagan in the 1980s changed the immigration law when he gave the nasty word amnesty out, and then he shifted the responsibility of policing immigration from government to employers, and the employers in a hard economy and generation now are being punished by the obama administration and the justice department and homeland security by not doing i-9s and pol
in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re
asks for, if we give him every tax increase he asks for, if we do absolutely everything that the budget he's required by law to submit requests, we will begin to pay down the first penny of debt never. in fact, if we do absolutely everything that the budget he's required by law to submit to us asks, the debt will continue to grow forever. i agree with so much my friends on other side are saying about the sequester, about the fiscal cliff. that's why we acted in may on this body, that's why we passed another sequester replacement in august, that's why we passed another one in december. i agree. but can't we also agree that if you're going to be commander in chief of america, if you're going to be the president of the united states, if you're going to uphold and defend the constitution, and we have our former joint chiefs of staff chairmen telling us that our greatest national security threat is our growing debt, shouldn't it be fair to ask the president to tell us when, if ever, he plans to begin paying back the first penny? mr. speaker, it's not a stupid piece of legislation that we're
. >> what do you have for us in the next half-hour? >> tax time right around the corner. a couple things you can do this weekend if you want to procrastinate a little bit longer. it will make you feel like you're getting stuff done. it will make the ultimate job easier. >> thank you, jess. >>> for the first time president obama has nominate add woman to fill one of his second term cabinet openings. that story coming up. >> another one of the president's nominees is facing some tough questions or will face tough questions coming up today on capitol hill. >> ahead in sports, the wizards stay in the win column by ruining someone else's winning streak. we'll have highlights when we come back. >>> welcome back. 5:09. we have a chilly morning. lots of 20s out there. it's not going to be nearly as nice as yesterday. some of you may see a sprinkle before the day is over. here's a look at the day planner with temperatures getting into the upper 30s. that's it in some of our northern suburbs to 44 down south. perhaps a peek or two of sun. a cloudy afternoon. look for a high of 41 in d.c. rain moves in
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
you think about the proposed tax increases the president made yesterday? caller: i think, my issue with that -- we have already had our tax increase in the first place. i don't necessarily agree with them. i realize that you need a little more revenue. i will agree with that to an extent, because it is both sides. if he is trying come to a balanced proposal at this point in time and propose equal cuts versus revenue, that's not fair, because we have already increased our taxes in the first place. the original deal was supposed to solve the fiscal cliff. host: april is on our facebook page. randy is an independent in butler, oklahoma. good morning. caller: i think they ought to let it go through. military budgets have doubled in the last 12 years and the research and development part of that is over $60 billion. that is not buying tanks or anything. we have spent $200 billion on the f-22 program, the fight for that no one wants. plenty of things to cut. go ahead and raise my taxes. i realize we have to bring in more money. i'm a grown-up. i will just take home less money, but we hav
to a long-term unified approach to our debt and deficit. the tenants of that of course deal with the tax expenditures that we deal with that and the health care costs that are going up. the chair: the gentleman's time has expired. mr. schrader: with that i reserve the balance of my time. the chair: the gentleman from georgia is recognized. mr. price: i claim time in opposition. the chair: the gentleman is recognized. mr. price: thanks, madam chair. i want to commend my colleague from oregon and colleagues that came together to submit this amendment as i believe it truly to be well-intentioned but i think it misses the mark. i think for two reasons specifically that it ought not be adopted by this body. first, it unnecessarily restricts the ability of the president to determine how he would balance the budget. remember, the underlying bill doesn't tie the president's hands in any way. it simply says to the president, when you submit your budget to congress, just let us know when it's going to balance. it's not going to balance within the period of time that's defined by the budget window,
their families and contributing to it is always the question of raising taxes. they pay taxes but you can check with the social security department. there is a large fund that goes i counted four. they don't know who to attribute the money to because people have contributed to i think we need to do comprehensive immigration reform so when they pay taxes it goes into the right account and it helps to fund and fuel our economy. i want the mayor and the state and the federal government to garner those tax dollars and not to be in the pockets of some unscrupulous employer that isn't taxing them but not sending them money. plus given the 1986 legislation, we all know that there was an increase in the urning devotee of the undocumented. everybody keeps talking about innovation. let me give you a little innovation. whiteaker that the uncertainty of the market and what we do at the congress. the uncertainty about what we do and what that causes for the financial market . i just want everybody to think for one moment. what do you think about the uncertainty in the life of 11 million undocumented workers
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, or a suggestion that we need to impose a carbon tax, because that is designed to increase the costs. in my state of alaska, in a community like [indiscernible] a you come community on the river, they pay $6.90 for their diesel. that is how they heat their homes. when you suggest to them that the best thing to do is increase the price to decrease consumption, i do not know what the temperature is there this morning, but last week in the interior temperatures range between 45 degrees below zero and 50 degrees below zero. i cannot go back to alaska and tell people that the way that we tackle this is to increase your prices, demanding you to use less and limit your choices. that is not what a strong nation does. what a strong nation does is figure out how we advanced to the next stage, how we build out these clean technologies and diverse technologies that will allow us to do your choices. more and do it in a clean and environmentally responsible way. raising our energy costs, imposing the mandates, other heavy handed ideas but are out there for reducing greenhouse gas emissions, they will not pass.
the crisis of this oil spill to try to promote his energy tax. and i've had numerous people all over the district question whether his poor response to this oil spill was purposeful so that he could promote his energy tax. i don't know. >> i don't know. maybe he is just letting that oil spill for political purposes, because he is a nazi and a marxist. who could know? the same congressman decided during the state of the union address in 2011 that he would not attend the speech in congress, but rather he would troll the speech on twitter. quote, you don't believe in the constitution, mr. president. you believe in socialism. that's what he was tweeting during the state of the union. he has declared nancy pelosi a domestic enemy against whom he is sworn to protect the nation. he has said that president obama is part of a socialistic elite planning to declare martial law. and he has said that the president may use the excuse of a flu pandemic to declare a martial law. he said, quote, we've seen that historically. guess how this gentleman feels about health reform? >> folks, this is obama
. you have to get in the back of the line and pay taxes. we don't know what kinds of fines they are going to have to pay. two different talks here of amnesty. ann coulter is on the rational review side. she said some were democratic voters. who is going to win this argument in the republican are party. do the democrats need all of the republicans? they just need some. >> it should be fascinating to watch. into the storm goes marco rubio. we are going to find out a lot in the cone teflt text of his aguilt to weather the storm. if he can't rally people to a great cause. he goes into the storm now with conservatives and republicans about to have a important debate about the future of our party. thank you both for joining me tonight >> >>> good evening, americans, and welcome to "the ed show" from new york. republicans have the audacity to attack a highly decorated veteran and label him as a dove? this is "the ed show." let's get to work. >> i'm pleased to see an old friend here before the committee. >> the hague hearing started out friendly and got ugly fast. >> were you corre
and state tax and budget issues. he's also testified to congress on fiscal issues many times and articles on tax and budget was have appeared in the "washington post," "the wall street journal" and other major newspapers. is the author and co-author of articles. last but not least we have alex nowrasteh. he is at the center for prosperity. writer that he was the immigration policy analyst at the competitive enterprise institute. his work has appeared in "the wall street journal" and "boston globe," "huffington post." he's also appeared on fox news and bloomberg and numerous other television and rail stations. with that i will turn the podium over to david. >> thank you, laura, and thanks for all of you for being here. it's good to have you. my colleagues going to talk about specific policy issues in the areas of expertise but i'm going to try to open things here with some more general philosophical, political discussion. a lot of people believe politics is just a struggle for power, and certainly if you look at the elections, if you look at the way congress is operating these days, and, i
've come to the u.s. to be productive, tax-paying members of our civil society and to attain the american dream. unfortunately immigrants of the african area like so many groups around the world are dealing with backlogged immigration processes. families being ripped apart, falling out of status because they have aged out of the legal immigration process. racial and status discrimination, unfair criminal aggravated felony laws, depour tration processes that violate -- deportation processes that violate rights and insecure and prohibitive student visa programs, limited access to work permits and much, much more. you see, many immigrants arrive on our shores during a time of their lives when they are the most productive. any delay in processing these individuals, in bringing them to the floor, deny us the opportunity to access their talent, their skill and their ability in the prime of their lives. additionally african-americans, those descendents of the slave trade, whom i fondly call long-time stakeholders of this nation, have been affected by the broken system as well. working class amer
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of her business. we do tax returns were living and we liked tax advisor services your and so in our business, we are not a products company your car business is people, people with knowledge, ideas, innovation, helping clients solve their most challenging management and technology problem. from around the world. with people who have industry expertise that we deploy in every time and quick manner. and time and speed is everything. so within our broad workforce, our larger u.s. workforce, you know, we complement our u.s. workforce with foreign workers. and mobility is very important, so we hire people from college campuses on -- we also use immigrant visas as well and green card. for people on h-1bs, or people, citizens working with deloitte. and then we also use, we look at people who have expertise and specialized knowledge from around the world that we can bring into the united states. so we leverage other -- but it really is a matter of leveraging those to ensure that our clients receive the most timely modern and technology process so they can innovate as best as they can. you k
-sponsoring, the balancing act i believe it's called, that would close upper income tax loopholes and keep nearly 300,000 teachers at work and add 1 million jobs to the economy. have i got that right, sir? >> you've got to right. and all we do is close loopholes on the fossil fuel industry, on the yacht owners and the plane owners. we close loopholes on carried interest. loopholes that should be closed in any budget environment. we close those and then we arrive at a place where we have balance between the cuts that we've already seen, $1.7 trillion, and revenue increases, and then through changes in -- through reductions and efficiencies in the pentagon budget, we put $300 billion into jobs, which saves teachers, which invests in school frukt, a and helps schools. >> congressman, mr. ryan and mr. mcconnell at the beginning of this year said quite clearly the revenues issue is now closed. it's off the table. there are no more discussions on revenues. >> so they would rather cut home heating oil for seniors -- >> yes. >> they'd rather cut women and infants and children. >> yes. >> food grams. >> yes.
, there's a surplus in the budget and it's due in part to higher business sales and state taxes and agencies that under spent their budgets during the fiscal year. and mayor gray says the money will stay in the bank and other says to spend it on social services. how come nobody is talking about tax refunds? >> well, people could argue next month or next year anything can happen to strain the city, and so the mayor is getting kudos for this. and it's just like congress, when we had the surplus under bill clinton, republicans couldn't wait to cut the taxes and send the money back home and the democrats said there's lots of unfinished business and we should continue on that, and we know how it went there, and i'm not take sides, but we know how it went there. >> we know how wall street likes sir pluses. >> yeah, and i agree with dave. he is being cool here, because we don't know what the next four years is going to be like in the city. already they tried to hire more police officers. a lot of money going into -- we talked about this last week, when we close the schools you will nee
have replaced the gas tax with a higher sales tax to fund maintenance and highways, local roads, bridges and times. the two bills will have captain a gas tax. both were sponsored by republican senators. the only remaining plant in the house is still working through revisions right now. >>> congress is pushing back against the postal service's plan to cut saturday delivery. virginia congressman appeared on fox 5 morning news today. take a listen. >> and that is 30 years. if we're going to change that, two think thises have to happen. the person has to come to congress to seek legal authority to do that and secondly, he will have to make an analytical case for why the savings won't be outweighed by the revenue loss and that is what he has failed to do in both cases. >> by the way, the postmaster general repeatedly tried to do whatman connelly described, we're told. the congress will not go along. congress passed a law in 2006 saying the postal service has to pay $5.5 billion a year in future benefits. the postal service is mandated in the constitution and received no money from th
and done, you average about $9 an hour before taxes. it's a situation many americans find themselves in in the working place in the country. and anyone who spent time at all in the food service industry has a story or two over the years to tell about being stiffed on a tip. this story might make you lose a little bit of faith. earlier this week chelsea welch, an applebee's employee, took to social media site readit -- reddit to show a photo of a receipt left by a st. louis pastor, alois bell. according to welch the worker the pastor and her party of i should say 20 ran up more than $200 worth of food but weren't feeling so charitable when it came time to pay. the pastor crossed out the automatic 18% gratuity charge for groups larger than eight and wrote "i give god 10%. why do you get 18?" to emphasize her point a big zero and "pastor" above the signature. the post immediately went viral online. which is when welch says pastor bell called her applebee's employer and demanded everyone working there that night be fired. as a result chelsea welch, she was laid off. she was laid off. in
to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential
with the surveys. there is concern about the economy overall and taxes. they are also concerned about the regulatory environment out there and how healthcare will affect them. the debt ceiling continues to go up and the overall debt. they are very concerned about all of those things. lori: do you think washington has the best interests of small business at heart? >> well, i hope so. the unfortunate part is we are seeing it in the administration. it continues to attack small business. washington has a spending problem, not a revenue problem. we hear about this every single week. lori: you point out that many small businesses do not have lawyers or lobbyists that focus on this. the list goes on and on. that is a serious problem. a serious disadvantage for them, correct? >> exactly. they do not have the resources. that is one of the reasons why we are trying to provide the voice for small businesses. we need to be the advocate for small businesses here in washington. lori: you look at our ballooning national debt in the battle over the current deficit. what is the best outcome? >> that w
authority or tax expenditure or revenues nor does the bill contain any earmarks. i'm pleased to support this legislation. it is my hope that the national pediatric research network i will -- improve therapies and better outcomes for our nation's children and i urge my colleagues to vote in favor of h.r. 225 and i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the chair recognizes the gentleman from new jersey, mr. pallone. mr. pallone: i yield myself such time as i may consume. mr. speaker, i rise in strong support of h.r. 225, the national pediatric research network act and commend my colleagues for their bipartisan efforts to move this legislation forward. there are many rare pediatric diseases and the children are incredibly fragile. if we can allow research to occur across the country, not just one single location, research can be done at a larger level because children could participate without having to travel. this bill would allow the national institutes of health to establish a national pediatric research network comprised up to 20 consortia,
to ground some private jets as part of the upcoming debt talks. the president is working to close tax loopholes including what he calls tax breaks for private jet owners. the national business aviation administration says closing the loophole would punish the one million-plus employees who work in the industry and would hurt the $150 billion in economic activity. >>> overnight, somebody in virginia jumped up quite a few tax brackets. >>> also, a very close call for a local business owner. >>> a news4 exclusive this morning. the owner of a local deli talking about the moment an explosion leveled his store and nearly killed him. what he told us from his hospital bed and why police are saying this is no accident. >>> good morning, i'm aaron gilchrest. >> i'm eun yang. someone in the commonwealth is waking up happy and wealthy. overnight we learned someone in virginia hit the powerball jackpot. where that ticket was sold and how much it's worth ahead at 6:40. >>> right now, we're tracking a major storm bearing down on the northeast. take a look at the radar here. two storms will merge. wh
these specimens saved. i go to a tax dermist shop when the man gives a look of hear when i pull out the ear shells. he refused to do it. i return it later and unmake his look say, i will never do it again your ear shells forgotten in the trash bin of the polytechnic where i toss them of history. days later i'm convinced i see one hand carried by a rat. seeking the traces of your body and the animals is this not a form of transcendence my darling. a downward rising the maggets small white gods like an animal mob. you did not answer my question with the language we used between us you vomited and stared into the lenses i wore to cover my pupils to keep some things in and some things out plastic screens. was it not possible to make love in that space. i could save you and i do make an essay and listened and obeyed. i hoped to carry your ear shell with me. i read the manual from beginning to end a manual for the master's and the slaves much the master hates the slave. not the [inaudible] we would like your spirit. it is what we seek in the dark pits of the capital. what else could be accomplished or d
expense that'' not being -3 scrutinizedd thh city's generous use of tax breaks to pure develloers. breaas projects likk inner harbor east possible, but othees argue are unnecesssry and rob -3 revenue because the nee development doesn'' pay txes -3& for years. 3 2:30:28"it's a zero summgamee becuase while yoo may attract niie, the services that keep people and attract people to -3 tth ityu continue to deteriorate." 3 tonighh t ten... we examine just hhw muchhthese city. joy epola foxx455news -3 at 5:33..- 3 how are thh roads ooking onight? ponight?brandd proctor hs report. & 3 ááááooly camerasááá no maps!!!! &pgreenspring3 liberty bat natl pike ,3&pshawann,3 395 3 3 one weee from oday... they will be man aad wife. wife. 3 ttis morniig ... we....gave away... ... dream wedding ...on fox45 morning neww... - to... one... of &pthe.... newss.. & for our wiiner. winner.22:57:58 and the winnerr - is... erica and arthuráápause for her cryingáácongrauallions guys thank ouim speechless... youre in ttar
.5% sales tax to gasoline and eliminate a 17 cent gasoline tax and scrap the governor's sales tax increase. >> in alabama community can breath a sigh of relief after a week long stand off comes to an end. a five year old boy is reunited with his family and his captor is dead. sarah simmons is back. >> good morning. officials say they raided the bunker where 65-year-old jimmy lee dykes was holding the boy after negotiations deteriorated. dykes was killed. but officers have not said if he was killed or killed himself. the boy is said to be doing well. officials say his safety always remained top priority. >> i have visited with ethan. he is doing fine. he's laughing, joking, playing, eating. things that you would expect a normal 5 to 6 year old young man to do. >> let me explain something to you about this little boy. very special child. he's been through a lot. he's endured a lot. by the grace of god, he's okay. >> ethan turns 6 years old tomorrow and dykes took the boy off of his school bus after killing the driver. that driver 66-year-old charles poland junior has been hailed a hero. offi
campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber meeting. i would talk about those things and those two things only. guaranteed political suicide. we can do this. >> in answer to that question, what will we do to get washington to do with the fiscal challenge? there were some business leaders and alan greenspan was there. he said what are you going to do something on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he is not known for hyperbole. and it struck me that the former chair of the federal reserve is saying you are facing an impending crisis and you will need to deal with that. the question is will you deal with it before it hits or after? the answer to that is it is part of the reason why i'm involved with this group. i want to deal with the problem before it comes a crisis and we need to make sure we build relationships and the trust necessary to find the solutions now. it will be too late when there is a crash. i'm afraid these problems will become too big
it is subject to aprep patriot limit tax increases and safeguards. as the fallout leaked as it mounted earlier today the administration immediately went into damage control mode earlier attorney general eric holder tried to clarify why these actions might be necessary. watch this. >> one of the things i want to make sure that everybody understands is that our primary concern is to keep the american people safe but to o do so in a way consistent with our laws and consistent with our values. we are are -- we have as a basis for action that we take congressional statute that allows us to operate against al-qaeda and associated entities not only in pakistan or not only in afghanistan but in other parts of the world. we say that we only take these kinds of actions when there is an imminent threat when capture is not feasible and when we are confident we are doing so in a way that is consistent with international law. >> we cannot forget but president bush was viscerated over enhanced interrogation techniques and barack obama spent most of his first term ripping president bush on his policies and ev
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